The post South Carolina drops Genesis Mining from cease and desist appeared first on CoinReport.
After five long months of working with South Carolina officials, Genesis Mining has been dropped from the cease and desist order it received back in March 2018 from the South Carolina Securities Division. The company will relaunch to U.S.-based customers shortly. This marks one of the first times a blockchain company has fought back against regulators and been successful.
Shah Hafizi, chief compliance officerCOO and general counsel at Genesis Mining, released the following statement:
As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists centered around the ’90s mailing list of the same name.
All Cypherpunks value privacy; it’s basically the founding principle of the collective of cryptographers, academics, developers and activists grouped around the 1990s mailing list by the same name. But few put it in practice like Wei Dai does. Once described as an “intensely private computer engineer” by the New York Times, not many personal details are known about the man who, two decades ago, dreamed up an electronic cash system intriguingly similar to Bitcoin.
[ANNOUNCE] hash cash postage implementation
The date is March 28, 1997, when the 2,000-or-so subscribers of the Cypherpunks mailing list receive an email with the above header in their inbox. The sender is a 26-year-old British postdoc at the University of Exeter, a young cryptographer and prolific contributor to the mailing list named Dr. Adam Back. The email includes a description and early implementation of what he describes as a “partial hash collision based postage scheme” — a sort of stamp equivalent for emails, based on a nifty cryptographic trick.
“You can pay for access to a database, buy software or a newsletter by email, play a computer game over the net, receive $ 5 owed you by a friend, or just order a pizza. The possibilities are truly unlimited.”
This quote is not from a 2011 Bitcoin introduction video. In fact, the quote is not about Bitcoin at all. It is not even from this millennium. The quote is from cryptographer Dr. David Chaum, speaking at the first ever CERN conference in Geneva in 1994. What he’s talking about is eCash.
Genesis Vision launched the alpha version of its GV platform where users are already able to make transactions with crypto and traditional currencies, CFDs, metals, and commodities, join the brokers’ community, and choose the role of manager, investor or broker of Genesis Vision system. The required cooperation agreements with brokers are already signed.
Moreover, the Genesis Vision managers will be able to trade using the top-notch trading services provided by a fully licensed and heavily regulated global broker with offices in USA, Europe, Russia, China, Mexico, and India – Just2Trade (trademark in Russia – Finam).
April 1, 2018 will start the ITO of GENESIS – the international Fund of real estate. This is one of the first projects in the world that open the access to a new form of investment, combining the advantages of BLOCKCHAIN technology and the reliability of real estate as an investment asset. The preliminary registration of wishing to purchase GES tokens is already available on website www.genesisfound.io
The team of GENESIS has combined the advantages of real estate as an investment asset with the possibilities of decentralized project based on the blockchain by creating its own token GES, whis is guaranteed by the real assets of high reliability — commercial real estate.